Right to participate upon winding up of the company Usually, a shareholder’s right to dividend payments is proportionate to the amount they have already paid. At a shareholders’ meeting where voting is by a show of hands, a shareholder with partly paid shares will have the same vote as a...
1.The act of winding. 2.A single turn, twist, or curve. Phrasal Verbs: wind down 1.To diminish or cause to diminish gradually in energy, intensity, or scope:The party wound down as guests began to leave. 2.To relax; unwind.
Related to voluntary winding up:compulsory winding up a winding up of a company initiated by a special or extraordinary resolution of the company rather than by a petition to the court. Collins Dictionary of Law © W.J. Stewart, 2006 ...
The meaning of WIND is a natural movement of air of any velocity; especially : the earth's air or the gas surrounding a planet in natural motion horizontally. How to use wind in a sentence.
wind•up (ˈwaɪndˌʌp) n. 1.the conclusion of any action, activity, etc.; end or close. 2.Baseball.the preparatory movements of the pitcher's arm before pitching a ball. adj. 3.made to function by the manual winding of an internal spring or the like:windup toys. ...
Let’s take a closer look at both of these types of winding up. Compulsory Winding Up A company can be forced by law to wind up its business operations. This can be decided in a court of law and come in the form of a court order. ...
woundor(Rare)winded[wahyn-did];winding. to encircle or wreathe, as with something twined, wrapped, or placed about. to roll or coil (thread, string, etc.) into a ball, on a spool, or the like (often followed byup). to remove or take off by unwinding (usually followed byofforfrom...
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compulsory winding up a procedure for the dissolution of a company involving a petition presented to the court, usually by a creditor. The petition must be based on one of the grounds specified in the Companies Act. The most usual ground is that the company is unable to pay its debts. ...
a final act or part. Baseball. the preparatory movements of the arm before pitching a ball.: Compare stretch (def. 22). Informal. a mechanical object, as a toy or wristwatch, that is driven by a spring or similar mechanism that must be wound. an act or instance of winding up.See ...